Afternoon Coffee: US Services Sector Sluggish, Freight Volumes Take a Hit Due to ‘De-Stocking’ Trend

Growth in the US services sector slowed during August, according to Markit’s latest “flash” reading of its Purchasing Managers Index. The index fell to 55.2 this month after hitting 55.7 in July.

Freight volumes on highways and railways are falling in the US as companies engage in “destocking” to cut down on inventories of products. This inventory correction movement is expected to continue through the third quarter of the year, sources said.

A new report shows the dire need for supply chain risk management, especially following the explosions in Tianjin, China. However, studies have shown too few companies take SCRM seriously. launched its Salesforce Financial Services Cloud, a new solution targeting the wealth management industry.

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